DUBLIN, Ireland, Feb. 20, 2015 /PRNewswire/ -- XL Group plc (the "Company") (NYSE: XL) announced today that the Board of Directors of the Company declared a quarterly dividend on February 19, 2015 of $0.16 per ordinary share payable on the Company's ordinary shares. The dividend will be payable on March 31, 2015 to ordinary shareholders of record as of March 13, 2015.

The Company also announced today that the board of directors of its wholly-owned subsidiary, XLIT Ltd., resolved on February 19, 2015 to pay (a) a dividend of $8.4315 per share on XLIT Ltd.'s Series D Preference Ordinary Shares, which dividend will be paid on April 15, 2015 to all shareholders of record as of April 1, 2015 and (b) a dividend of $32.50 per share on XLIT Ltd.'s Series E Preference Ordinary Shares, which dividend will be paid on April 15, 2015 to all shareholders of record as of April 1, 2015.

About XL Group plc

XL Group plc (NYSE:XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit www.xlgroup.com